Indemnity Insurance for doctors

Up to Rs. 2 crore

At an attractive premium

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About Indemnity Insurance for Doctors

About Indemnity Insurance for Doctors

In a doctor’s profession, there are day to day inevitable incidents, which needs to be covered within the right time. Bajaj Finserv has it covered for you with our Indemnity Insurance facility, of up to Rs. 2 crores.

Features and Benefits

Features and Benefits

The number of legal cases accusing doctors of negligence have gone up by 400% in the Supreme Court. The importance of doctor in the society can never be neglected. However, even doctors are human and they commit errors. These errors or negligence may be costly. So as to protect you from such situations and allegations we have doctor indemnity for you.

Indemnity up to 2 crores

We provide you an indemnity cover which starts from 5 lakh to up to 2 crores to protect against any sort of claims by third party.

Quick processing

Hustle free process with minimal documentation. Your requirements would be completed in a short span of time.

Defense costs covered

We would cover all the defense costs in case of any allegation against you. You would save upon your precious time and can concentrate on your work. We would handle the rest for you.

Attractive Premiums

We provide you with attractive annual premium starting from as low as Rs 5000 annually which covers you for a sum insured of Rs 5 lakh

Loss of documents

Any loss of documents by the practioner which may lead to an allegation/ demand compensation from a third party stands covered under the policy

Breach of confidentiality

Any unintentional breach of confidential information from the Doctor which leads to allegation from a third party stands covered under the policy

Employee fraud and dishonesty

Any claim arising onto the Doctor from a third party due to a fraudulent act by a Doctor’s employee/staff stands covered under the policy

Libel and Slander

Any claim arising onto the Doctor due to allegation of violating an individual’s right of privacy while conducting the professional services stands covered under the policy

Plans

Plans

Professional Indemnity (Premium Including Service Tax)

Limit of indemnity in INR 500000 1000000 2500000 5000000 7500000 10000000 20000000
Retention 25000 25000 25000 25000 50000 50000 50000
1 yr Premium 5800 8800 19000 36000 54500 68800 103000
3 Yr Premium 17400 26400 57000 108000 163500 206400 309000


FAQs

FAQs

The number of legal cases accusing doctors of negligence have gone up by 400% in recent times. Doctors are professionals who face risk of a financial liability in the course of practising. The amount they can be sued for can be really exorbitant. Doctors thus require special insurance so that they can protect themselves financially and legally when they are accused of negligence, malpractice or mistakes. This cover is called professional indemnity cover.
This policy covers the sum which the insured professional becomes legally liable to pay to third party in respect of any error whilst rendering professional service.
following claim scenarios under this policy:
  • Diagnosis: A patient sues Doctor for Wrong medication and files a suit of INR 1crore–This is a scenario where a patient was operated for Eye infection and post the treatment he lost his eyesight temporarily. The patient sent a legal notice to the erstwhile Doctor with a demand of INR 1crore as compensation
  • Dosage: A patient’s mother sues Doctor for Wrong Dosage prescription of medicine–An infant got several skin rashes for overdose of a medicine which was prescribed by a Child specialist. The patient’s mother sent an email to the Doctor asking for clarification and subsequently initiated legal proceedings
  • Surgery: A cotton swab was left in the body while surgery was performed on a patient. The patient suffered serious side effects due to the same post-surgery and had to be operated again. The patient employed a law firm post recovery from the condition and demanded compensation from the Doctor
  • Treatment: A patient was given wrong treatment plan and there was a gross breach in protocol which was ideally supposed to be followed. The patient consulted another Doctor for second opinion and sued the erstwhile practioner for wrong treatment plan.

Professional Indemnity (Premium Including Service Tax)

Limit of indemnity in INR 500000 1000000 2500000 5000000 7500000 10000000 20000000
Retention 25000 25000 25000 25000 50000 50000 50000
1 yr Premium 5800 8800 19000 36000 54500 68800 103000
3 Yr Premium 17400 26400 57000 108000 163500 206400 309000
You can apply online by filling online form . We would get back to you soon.
Yes, you are covered in those situations subject to terms and conditions of the policy. You can refer to the complete detail under the terms and conditions tab

Yes. We have one year and three-year premium payment plans for you to select from.